Initia Mainnet is Live!

Welcome to the Multichain Garden of Eden.

• The $INIT airdrop can be claimed for 30 days, until May 24.

• $INIT is live on CEXs like Binance, Kraken, ByBit, KuCoin.

• Keplr support from day 1 and tradable on Osmosis.

Claim the airdrop here: airdrop.initia.xyz

Initia is Cosmos-native

1. Cosmos SDK for Modularity

2. Comet BFT for Consensus

3. IBC for Interoperability

4. Celestia for Data Availability

Take a closer look at Initia's ecosystem architecture 👇

Assets supported from Day 1 on Initia:

Stables: USDC, USDe, sUSDe
Majors: ETH, weETH, TIA
Native token: INIT

Powered by Skip Protocol and LayerZero.

Brand new IBC website

Learn more about IBC, its unique properties, network stats, and how to integrate IBC v2 to your chain.

• Fast, cheap, and seamless interop

• $2.3B 30-day volume

• 2M monthly transactions

• 900K monthly active users

• 115+ connected chains

Bitcoin Staking is now open to everyone!

• Babylon Genesis is now accepting all $BTC stakes.

• Both those from Phase-1 and fresh ones.

• Phase-1 Cap 2-3 stakers can now migrate their stake to Mainnet.

• Stake and migrate here: btcstaking.babylonlabs.io

Native BTC staking on Keplr

• Users can now natively stake their Bitcoin via the Keplr Dashboard.
• Securing PoS chains and earning an APY of ~2% on their $BTC.
• Powered by babylonlabs_io in the background.

Movement DeFi Spring

• Goal: Reward users, supercharge activity on Movement apps, and get all DeFi systems go for MoveDrop.
• LP, trade, redeposit cornucopia assets to participate and earn rewards.
• 250M $MOVE in incentives.
• DeFi Spring will last for up to one year.

Conviction Markets are coming to Celestia

• XO Market lets you turn your beliefs into tradable Conviction Markets.
• Create your own markets in seconds and set your own rules.
• Built as a Sovereign Labs rollup with Celestia underneath.
• Get ready to turn your convictions into capital!

Mantra is working on an EVM implementation

• The Mantra Chain team is not going anywhere.
• Still building and shipping new products.
• The EVM on Mantra Chain will unlock many new applications.
• And attract new builders.

The Massdrop is here! $MILK

• 100M $MILK airdrop (10% of supply).
• Eligibility: mPoint holders, Moolitia NFTs, milkINIT testers.
• 1.25x multiplier per MILK carton held.
• CEX opt-in claim available now.
• $MILK will be claimable on-chain at TGE.

Intergaze will launch on April 30th

• First NFT launchpad and marketplace on Initia.
• The chain will go live with three genesis collections.
• Racoon Supply, Team Tuzi, ANYO NFT.

These collections will all mint on April 30th.

Mad-Manic-Fun

• Mad Scientists and Manic are partnering up.
• Manic is a new app launching on the Hub, led by 0xHank.
• It’s still a well-kept secret what kind of app they are building.
• To learn more, get early access, and maybe some perks on top, join their waitlist.

Sloths Go War Mode

• The Celestine Sloths team is being restructured right now.
• Paco has declared to step down as a leader.
• Olli Maki will take over and assemble a new team.
• New strategic game plan around Sloths and Lazy Chain is priority #1.

That's it for today, thanks for reading folks.

We hope this article helped you stay up-to-date with the latest developments in the Cosmos ecosystem.

Disclaimer

This article is intended to educate readers about certain topics and should not be considered financial advice in any way.